Why China’s Stock Market Is Full of Rats

If a Mr. Tu buys shares in a company just before a big player swoops in and pushes up their value, then he’s a lucky man. But if he’s also the big player’s trusted stockbroker, then in China he’s known as a “rat.” So-called “rat trading” (老鼠仓 lǎoshǔ cāng) — known as “front-running” in the U.S. — includes all trades of shares, options and other securities that play off nonpublic … http://bit.ly/2D91TXV

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